Stock Futures Rise Ahead of Fed Decision and Big Tech Earnings
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Stock futures were rising on Wednesday, as investors bet that the artificial-intelligence rally will keep rolling ahead of a Federal Reserve policy decision and three crucial Big Tech earnings reports. President Donald Trump said overnight that he would talk to his Chinese counterpart Xi Jinping about Nvidia’s advanced Blackwell chips when the two leaders meet in South Korea on Thursday, bolstering hopes that Beijing could lift its curbs on the semiconductors as part of any trade deal between the two countries. It’s looked for weeks like a done deal that the Fed will cut interest rates by a quarter of a point, but investors will still be keeping an eye on Chair Jerome Powell’s press conference, which could give them a better idea about where borrowing costs are headed.
📄 Summary
Stock futures were rising on Wednesday, as investors bet that the artificial-intelligence rally will keep rolling ahead of a Federal Reserve policy decision and three crucial Big Tech earnings reports. President Donald Trump said overnight that he would talk to his Chinese counterpart Xi Jinping about Nvidia’s advanced Blackwell chips when the two leaders meet in South Korea on Thursday, bolstering hopes that Beijing could lift its curbs on the semiconductors as part of any trade deal between the two countries. It’s looked for weeks like a done deal that the Fed will cut interest rates by a quarter of a point, but investors will still be keeping an eye on Chair Jerome Powell’s press conference, which could give them a better idea about where borrowing costs are headed.